Metropolitan Pier may purchase some of its McCormick expansion bonds

By Tali David

Minneapolis, April 25 - Metropolitan Pier and Exposition Authority, Ill., is evaluating a public offer to purchase a portion of its outstanding McCormick Place Expansion Project bonds, according to a news release.

The authority said it anticipates that an offer to purchase a portion of the following bonds will be made within 60 days:

• $353,975,000 of series 1992A capital appreciation bonds;

• $104,395,000 of series 1994AB capital appreciation bonds;

• $411,705,000 of series 1996A capital appreciation bonds;

• $40,535,000 of series 1998AB current interest bonds;

• $287,655,000 of series 2002AB deferred interest bonds; and

• $117.71 million of series 2002AB capital appreciation bonds.

The authority owns and manages the McCormick Place and Navy Pier in Chicago.

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